Liability
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UK organisations at risk of higher legal and insurance costs from personal injury reforms
Marsh has advised UK organisations to review their procedures for handling employers' liability, motor and public liability claims in order…
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Broker demands return to all-risk liability policies
General liability policies are not fulfilling the requirements of modern companies as exclusions in the name of specialist cover are…
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Hydrofracking risk the big unknown warns lawyer
New hydraulic fracturing technology is one of the big risks facing major energy companies and insurers alike, delegates at the…
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Casualty rates flat but expected to rise finds Airmic
Casualty insurance rates are flat but expected to rise over the next two years according to new research by Airmic.
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AIG advises UK risk managers to focus on casualty as rate rises expected
With almost two-thirds of UK risk managers expecting casualty rates to rise over the next two years, according to a…
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Corporate round-up
Willis rolls out all risk D&O cover in Asia Pacific
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Risk managers in mature markets increasingly focused on liability risk transfer
Risk managers in mature markets are increasingly focused on transferring commercial liability risks with take up of cover on the…
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France’s Total decision raises the risk of liability on the high seas
A court ruling in France on a high profile oil spill looks set to increase environmental liability for French companies…
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EMEA liability limits up 7% since financial crisis-Marsh
Companies in Europe, the Middle East and Africa (EMEA) have purchased more liability insurance since the economic downturn took grip…
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Competition and demand for PI cover in Australia and Canada strong but South Africa remains niche market
While there is high penetration of professional indemnity insurance in Australia and Canada and strong competition among insurers for the…
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Risk managers face potentially tougher liability renewals as Munich vows to ‘adjust’ underwriting strategy
Torsten Jeworrek, Reinsurance CEO of Munich Re, used the Monte Carlo Rendez-Vous to warn customers that it is adjusting its…
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Large firms face favourable solicitors’ PI market with abolition of ARP likely to further reduce rates
With the English and Welsh solicitors’ Professional Indemnity (PI) renewal looming, Marsh has said the market remains soft for the…
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Russian companies ill-prepared for new environmental and reputational risks
Russian companies and risk managers will increasingly have to deal with environmental risks but many are not prepared to adequately…
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French Mediator drug scandal reaches court with insurers keeping close watch
A high profile liability trial involving French pharmaceutical company Servier began this week in Paris closely watched by the general…
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Global property rates continue to rise in Q1
Buyers of global property insurance saw rates continue to harden in the first quarter of 2012 driven by the record…
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French risk managers grapple with rising pan-European civil liabilities
French companies face a growing number of liability risks derived from domestic legislation and rules that emanate from the European…
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Costa faces class action lawsuit over Concordia disaster
A class action lawsuit has been launched against Costa Cruises and its US-based owner Carnival Group following the Costa Concordia…
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Legal tussles commence over faulty breast implants as Mas arrested
Jean-Claude Mas, who founded and ran French breast implant-maker Poly Implant Prothese (PIP), has been arrested because of the discovery…
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Further sharp increase in UK product recalls in 2011
UK product recalls have increased by 27% in 2011 to a record 291, compared with 229 in 2010, according to…
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Insurers braced for over €500m in claims from Costa
The grounding of the cruise vessel Costa Concordia, which was damaged when it hit a rock off the Italian island…